Holy Smokes. In Nov/Dec 2019, Four Wyndham Transfers w 1/19 use year

[Grammarhero]

thanks for TUG and @dgalati in particular for teaching me Wyndham use strategies. @SNA27, @TUGBrian, @Fredflintstone, @paxsarah, @DeniseM, @CO skier just thought you should know.


As attached, I got my second Dec 2019 Wyndham TS transfer with a 1/1/19 use year. I actually got four (4) Wyndham TS Transfers in November or December 2019 with 1/1/19 use year.

Accounting for sunk $204 total closing costs, my effective MF ranges from $2.1/1k to $3.3/1k:

I got 154k Grand Desert in Dec 2019. If I give Grand Desert back via Ovations on 1/2021 after three years usage, my effective MF would be $2.1/1k.

I just got 84k Ocean Walk in Dec 2019. If I give back via Ovations on 1/2021 after three years usage, my effective MF would be $2.6/1k.

I got 128k Star Island on 11/1/19. Even counting the extra $200 in closing costs, if I give back Star Island via Ovations on 1/2021 after three years usage, my effective MF would be $3.3/1k.

I got 64k CWA in 11/1/19. If I give CWA back via Ovations on 1/2021 after three years usage, my effective MF would be $2.8/1k.

 

[samara64]

thanks for TUG and @dgalati in particular for teaching me Wyndham use strategies. @SNA27, @TUGBrian, @Fredflintstone, @paxsarah, @DeniseM, @CO skier just thought you should know.


As attached, I got my second Dec 2019 Wyndham TS transfer for a 1/1/19 use year. This means I got four (4) Wyndham TS Transfers in November or December 2019 with 1/1/19 use year.

Accounting for sunk $204 total costs, my effective MF ranges from $2.1/1k to $3.3/1k:

I got 154k Grand Desert in Dec 2019. If I give Grand Desert back via Ovations on 1/2021 with three years usage, my effective MF would be $2.1/1k.

I just got 84k Ocean Walk in Dec 2019. If I give back via Ovations on 1/2021 with three years usage, my effective MF would be $2.6/1k.

I got 128k Star Island on 11/1/19. Even counting the extra $200 in closing costs, if I give back Star Island via Ovations on 1/2021 with three years usage, my effective MF would be $3.3/1k.

I got 64k CWA in 11/1/19. If I give CWA back via Ovations on 1/2021 for three years usage, my effective MF would be $2.8/1k.

I think this is a great post that will make Wyndham stop this loophole.

 

[philemer]

Why are you saying "If I give back via Ovations..."? Seems meaningless if you are keeping your timeshares.

 

[Grammarhero]

Why are you saying "If I give back via Ovations..."? Seems meaningless if you are keeping your timeshares.

I actually like my Grand Desert. Others, not so much. I did like essentially free 2019 usage though.

 

[cbyrne1174]

You can't get 3 years of usage on a resale purchase (I'm pretty sure).

 

[Grammarhero]

You can't get 3 years of usage on a resale purchase (I'm pretty sure).

I can if:
1) a Wyndham Ts transferred in Nov or Dec 2019 with Jan 2019 year usage;
2) new pts on Jan 2020;
3) new pts on Jan 2021; and
4) Wyndham Ovations.

3 years usage on 14/15 months MF payment.

 

[Fredflintstone]

I can if:
1) a Wyndham Ts transferred in Nov or Dec 2019 with Jan 2019 year usage;
2) new pts on Jan 2020;
3) new pts on Jan 2021; and
4) Wyndham Ovations.

3 years usage on 14/15 months MF payment.

I think the key points are:

1. Extra points received through strategic buying.
2. Always buy resale to get maximum value
3. Have an exit strategy if things go sour or vacation situations change.

I might add: purchase in non judicial, anti deficiency states if you can’t deed back, resell after a good, strong effort and unable to rent to cover MF. It is of course the LAST resort but at least an ace in the hole.

Great strategy, @Grammarhero. Merry Christmas!


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[Grammarhero]

I think the key points are:

1. Extra points received through strategic buying.
2. Always buy resale to get maximum value
3. Have an exit strategy if things go sour or vacation situations change.

I might add: purchase in non judicial, anti deficiency states if you can’t deed back, resell after a good, strong effort and unable to rent to cover MF. It is of course the LAST resort but at least an ace in the hole.

Great strategy, @Grammarhero. Merry Christmas!


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I actually kind of like my Star Island and Ocean Walk too as they are in FL, an anti-deficiency TS state. My CWA is awful, deeded in Delaware, a deficiency state.

 

[Fredflintstone]

I actually kind of like my Star Island and Ocean Walk too as they are in FL, an anti-deficiency TS state. My CWA is awful, deeded in Delaware, a deficiency state.

Yes, next time when or if you recalibrate, perhaps purchase in anti deficiency state. I would have all my inventory in those states. Even if you don’t ever use it, it’s great to have as an emergency bail out PLUS gives you more power if you need to negotiate a deed back.

I am sure the CWA could be sold for a buck if you have too and maybe eat the transfer costs.


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[dgalati]

thanks for TUG and @dgalati in particular for teaching me Wyndham use strategies. @SNA27, @TUGBrian, @Fredflintstone, @paxsarah, @DeniseM, @CO skier


As attached, I got my second Dec 2019 Wyndham TS transfer for a 1/1/19 use year. This means I got four (4) Wyndham TS Transfers in November or December 2019 with 1/1/19 use year.

Accounting for sunk $204 total costs, my effective MF ranges from $2.1/1k to $3.3/1k:

I got 154k Grand Desert in Dec 2019. If I give Grand Desert back via Ovations on 1/2021 with three years usage, my effective MF would be $2.1/1k.

I just got 84k Ocean Walk in Dec 2019. If I give back via Ovations on 1/2021 with three years usage, my effective MF would be $2.6/1k.

I got 128k Star Island on 11/1/19. Even counting the extra $200 in closing costs, if I give back Star Island via Ovations on 1/2021 with three years usage, my effective MF would be $3.3/1k.

I got 64k CWA in 11/1/19. If I give CWA back via Ovations on 1/2021 for three years usage, my effective MF would be $2.8/1k.[/USER]

Timing is everything. Learn the system and make it work for your situation. $/1000 comparable to VIP cost when booking in the 60 day discount window.

 

[Grammarhero]

I think this is a great post that will make Wyndham stop this loophole.

How is it a loophole if:
1) seller and I agreed seller would pay 10-11 months MF and me 1-2 months MF for 2019; and
2) I would get 2019 usage?

 

[Fredflintstone]

How is it a loophole if:
1) seller and I agreed seller would pay 10-11 months MF and me 1-2 months MF for 2019; and
2) I would get 2019 usage?

Personally, I just see this as smart buying and helpful to the seller as well (as their obligations end). Wyndham isn’t out a thing. They got the full MF. Win win.


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[dgalati]

I think the key points are:

1. Extra points received through strategic buying.
2. Always buy resale to get maximum value
3. Have an exit strategy if things go sour or vacation situations change.

I might add: purchase in non judicial, anti deficiency states if you can’t deed back, resell after a good, strong effort and unable to rent to cover MF. It is of course the LAST resort but at least an ace in the hole.

Great strategy, @Grammarhero. Merry Christmas!


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(((Extra points received through strategic buying))) Some may call this a abuse or loophole. I compare it to how many VIP owners are using resale points when booking in the 60 day discount window.

 

[Grammarhero]

Personally, I just see this as smart buying and helpful to the seller as well (as their obligations end). Wyndham isn’t out a thing. They got the full MF. Win win.


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Exactly, to think Wesley is scamming Wyndham TS owners $3k to divest Wyndham TS. The Wyndham TS owner could easily get out if they agreed to pay transfer costs and 10-11 months MF and give buyers essentially free 1 year usagez

 

[Fredflintstone]

Exactly, to think Wesley is scamming Wyndham TS owners $3k to divest Wyndham TS. The Wyndham TS owner could easily get out if they agreed to pay transfer costs and 10-11 months MF and give buyers essentially free 1 year usagez

Yes, I see it as an added perk. In my case, I bought TS cheap and were given incentives (like free transfer, free RCI, etc.) when I sold them all (except one), I paid it forward by selling for a buck, paid trAnsfer and in 2 cases paid an extra year of MF.

In all cases, except one, the TS got their full MF and out nothing. I don’t see that as abuse/loophole. Just the reality of buying and selling.


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[Fredflintstone]

Just to reiterate...I see non judicial, anti deficiency states as a way to level the playing field. It really keeps the TS in line and open to deed backs, less sticky on ROFR and watch their step a bit on abusing owners with erroneous fees. The main problem I see with timeshares is they are easy to get in, harder to get out. State friendly legislation is helpful in keeping these companies in check.

Personally, I think non judicial, anti deficiency legislation has greatly helped the owners thru the establishment of deed back programs. I think if that legislation wasn’t there, the companies would be less inclined to deed back (that and Exit Companies nipping on their heels.) and have no leash for the owners to pull on.

So, having perks like what @Grammarhero discovered thru TUG is great. It is just another avenue to reward buyers and added ammo for owners who wish to sell to get out.


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[samara64]

How is it a loophole if:
1) seller and I agreed seller would pay 10-11 months MF and me 1-2 months MF for 2019; and
2) I would get 2019 usage?

Wyn can easily say no more 3 year usage after deed back for resales or make it 5 years in new owner name before ovation. They do adjust all the time.

 

[Fredflintstone]

Wyn can easily say no more 3 year usage after deed back for resales or make it 5 years in new owner name before ovation. They do adjust all the time.

True. But then the Owner can decide to dump Wyndham.


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[Jan M.]

If you haven't already started planning you may want to start. Especially if you are intending to take advantage of your ARP at your home resorts and want to make the most of your points by going in the lowest point weeks.

Star Island value season weeks are: 37-40 and 49-50. A two bedroom deluxe for a full week is 126,000 points of the 128,000 you own at SI
We were just at Star Island this past week, week 50, and both weeks 49 and 50 are a great time to do the Disney World Parks. Not too hot and they are all decorated for Christmas. Make sure to call and request building 25; it's so convenient especially with kids. You will be right there by the playground, the miniature golf and very close to the pool. The playground is a very nice one. The pool has a splash pad play area for younger kids. We and our 3 and 8 year old granddaughters like the resort.

Ocean Walk value season weeks are: 2-4, 40-43, 45-47, 49-51. I'd be looking at weeks 40-43 for the best beach weather. Your 84k point ARP will get you only 4 week nights in either a two bedroom deluxe, 18k a night, or a two bedroom standard lock off unit, 20k a night. I'd go with using 2k more points per night for the two bedroom standard lock of because those units are for sure oceanfront. Not all the two bedroom deluxe units are ocean front. Since it is pretty easy to get cheap flights into and out of Orlando I would probably use some of my other points for a few nights in Orlando to go with my four nights at the beach.

Grand Desert doesn't have value season weeks just prime and high but the lower point high season weeks are: 1, 3-5, 43-45, 47-48, 50-51. Your best weather in the high weeks is going to be weeks 43-45. You own 154k and that gives you ARP for a full week in a one bedroom deluxe, 126k, if it's just you and your wife going. If the whole family is going and you need a two bedroom deluxe you can book 5 week nights at 20k each and either a Friday or Saturday night at 41k for a total of 141k points for the 6 night stay. Week 43 is Halloween week and Downtown Vegas on Friday and Saturday nights is a lot of fun the last couple weeks of October.

The best part about having points is you don't ever have to stay at any of your home resorts and can go anywhere you want with your points. So do you have any plans yet or are you still having fun thinking about all the places you would like to go?

 

[cbyrne1174]

I haven't stayed at a single one of my home resorts lol, nor do I plan to any time soon. I just went for free/cheap with low MF fees: Royal Garden, Grand Desert, Towers on the Grove and Smoky Mountains.

 

[dgalati]

Wyn can easily say no more 3 year usage after deed back for resales or make it 5 years in new owner name before ovation. They do adjust all the time.

On the free usage Wyndham care less who uses points when giving back through Ovations? Wyndham lets a owner use the current use year points and is getting a deed to resell at 25-30k for free. Wyndham dosen't care who pays monthly maintenance fees either. There is no chance of Wyndham changing the 1 year minimum to 5 years. You know how costly that would be to the club and all owners? Wyndham has been known to buy back deeds that they wouldn't take back with Ovations because a owner didn't meet the year minimum.

 

[dgalati]

I haven't stayed at a single one of my home resorts lol, nor do I plan to any time soon. I just went for free/cheap with low MF fees: Royal Garden, Grand Desert, Towers on the Grove and Smoky Mountains.

Traveling at the lowest cost possible can be done many ways. @Grammarhero has shown a great low cost way of buying resale points then using 3 years of points with only paying 14-15 months of maintenance fees. Another way of traveling at a lower cost is to Buy developer points and become a VIP, add additional low cost resale points and use them with the VIP 50% discounts. The sunk cost of buying developer points can be recouped in as few as several years. The downside is the maintenance fees on millions of point can get hard to manage compared to the strategy of @Grammarhero buying without a sunk cost to recoup and paying only 14-15 months of maintenance fees while enjoying 3 years of use.

 

[dgalati]

You can't get 3 years of usage on a resale purchase (I'm pretty sure).

It can be done. Timing is of essence.

 

[dgalati]

I can if:
1) a Wyndham Ts transferred in Nov or Dec 2019 with Jan 2019 year usage;
2) new pts on Jan 2020;
3) new pts on Jan 2021; and
4) Wyndham Ovations.

3 years usage on 14/15 months MF payment.

How many points/maintenance fees total if you give back in 14-15 months?

 

[Grammarhero]

How many points/maintenance fees total if you give back in 14-15 months?

About $3,153 for 1.29 million pts. Comes about to $2.44/1k effective MF.